He wasn’t optimistic on being able to make that work, last I heard.
He was initially talking about $3/month, but the issue is that most of the people willing to pay a monthly subscription for Reddit are the heaviest users. So instead of looking at the API usage for the average user, pricing needs to be aimed at the top 10% or 1% of users.
I’m still looking into it, gathering data etc. Unfortunately the average call rates when broken down to the top 2, 5, 10% etc of users is painting a much different picture. This is the cohort of users I would expect to possibly convert to a subscription model and the average rates for those users can be 3,4,5 even 600 hundred calls per day just by the shear amount they use the app. Some of the top users are well over 1000 per day and sometimes over 2000.
So I’m not sure yet. It would probably have to be a usage based subscription model if it was going to be anything and I’m not sure that’s worth doing. I am still looking into it but unfortunately I don’t think my earlier price points will work.
It’s such a big risk too, hoping to set the price point just right to not run up a massive tens of thousands bill in one month, or even hundreds of thousands or millions.
I really hope they properly set up an LLC so that worst case scenario they can bankrupt just the LLC and stiff Reddit on the bill without putting their personal finances at risk.
He wasn’t optimistic on being able to make that work, last I heard.
He was initially talking about $3/month, but the issue is that most of the people willing to pay a monthly subscription for Reddit are the heaviest users. So instead of looking at the API usage for the average user, pricing needs to be aimed at the top 10% or 1% of users.
It’s such a big risk too, hoping to set the price point just right to not run up a massive tens of thousands bill in one month, or even hundreds of thousands or millions.
I really hope they properly set up an LLC so that worst case scenario they can bankrupt just the LLC and stiff Reddit on the bill without putting their personal finances at risk.